529 Plan: What it is, how it works, pros and cons

As the cost of higher education continues to rise and the problems of many Americans spending much of their adulthood mired in student debt is readily apparent, many are turning to tax-advantaged 529 savings plans to help fund their children’s education.

A Crash Course on How To Use a 529 Plan

A 529 is a tax-advantaged savings plan that gives you incentives to save money to pay for college or other higher education expenses. Pursuing your savings goal may mean the difference between a dorm with central air conditioning or experiencing sweltering summers. Here are some points to keep in mind when navigating your 529 plan.

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